Thu, Oct 7 2010, 4:52 PM
Loan pricing improved again today. Mortgage rates are on a five day winning streak. This is the first time that par 30-year fixed mortgage rates have ...
Thu, Oct 7 2010, 2:01 PM
So far from what I can tell......
This is a procedural loophole. lots of noise surrounding a technicality. But why does no one stop to consider the...
Wed, Oct 6 2010, 12:46 PM
Spurred on by a weak preview of official labor market data to come, the bond market upped the anti on quantitative easing this morning when the 10 yea...
Wed, Oct 6 2010, 10:13 AM
While new upfront MIP requirements lower the cost for borrowers at the closing table, the plain and simple truth is the increase in the annual premium...
Wed, Oct 6 2010, 10:08 AM
WSJ Asks If Homebuyers Even Need Mortgage Brokers; Wells Wholesale Channel Staying Put; More on Foreclosures; Lock Extension Regs
Wed, Oct 6 2010, 8:17 AM
ADP says: "The decline in private employment in September confirms a pause in the economic recovery already evident in other data. A deceleration of e...
Wed, Oct 6 2010, 8:05 AM
Good Morning. Both stocks and bonds are both rallying (again) ahead of the ADP Employment Report.
Wed, Oct 6 2010, 5:58 PM
Fed Policy: CLEARLY ON EVERYONE'S MIND. Including mortgage rate watchers....
Wed, Oct 6 2010, 3:45 PM
While we do not yet see a reason to believe mortgage rates will dip below the record lows currently being offered by lenders, we do expect the uncerta...
Tue, Oct 5 2010, 12:36 PM
Three lenders have now suspended foreclosure and/or evictions in 23 judicial foreclosure states. While this issue started a PR problem, it is growing...
Tue, Oct 5 2010, 10:25 AM
Rate sheet influential MBS coupons have been generally stable since ISM flashed. Yield spreads are however wider as origination supply has picked up ...
Tue, Oct 5 2010, 9:27 AM
Feedback: Loan Closing Delayed on Foreclosed Property Purchase; More on Retained Servicing vs. Released; TPO FHA Production
Tue, Oct 5 2010, 8:27 AM
After briefly breaking range support in a thinly traded marketplace yesterday, equity futures are recovering this morning as investors await a key ISM...
Tue, Oct 5 2010, 4:57 PM
NO CHANGE IN MORTGAGE RATES TODAY. PERHAPS A FEW MORE LENDERS ARE OFFERING PAR QUOTES BELOW 4.25% BUT NO QUOTE IS MONUMENTALLY BETTER THAN IT WAS YEST...
Tue, Oct 5 2010, 2:55 PM
In my travels around the country I have come to find that mortgage shop owner/operators see repurchase risk and delays in the loan purchasing process ...
Tue, Oct 5 2010, 2:07 PM
Bank of America Home Loans will exit the first mortgage wholesale channel to focus more operational resources toward fulfillment capacity for its lead...
Mon, Oct 4 2010, 12:22 PM
FYI: Fannie and Freddie have issued policy review directives to seller/servicers on following proper procedure in the foreclosure process.Unfortunatel...
Mon, Oct 4 2010, 11:55 AM
MBS prices are moving higher as stocks tick deeper into the red. If your lender was a little lite on the rebate this AM...you might see reprices for t...
Mon, Oct 4 2010, 9:40 AM
Foreclosure mess impacts title companies; First Horizon leaving; updates from several more investors; today is the big FHA MIP day!
Mon, Oct 4 2010, 8:50 AM
The dominant headline this week will be Friday’s jobs report for September, which is expected to show growth in the private sector was offset by gover...
Mon, Oct 4 2010, 6:18 PM
While there's still room for prices to run higher (7/32), if you're into playing pivot points,MBS prices are due a reversal. Back month FNCL 4.0s have...
Mon, Oct 4 2010, 1:43 PM
Pending home sales have increased for the second consecutive month, according to the National Association of Realtors®. "Attractive affordability cond...
Mon, Oct 4 2010, 1:19 PM
A Reverse Mortgage is similar to a conventional mortgage because it is a lien against the property and the title remains in the name of the borrower. ...
Fri, Oct 1 2010, 12:34 PM
SBA securities? You bet! Flood insurance extended; Monday a big day for MI companies; updates from Chase, Citi, Fifth Third, Fannie, Flag, USB
Fri, Oct 1 2010, 10:36 AM
Bill Dudley's dovish comments are still the primary focus of the bond market, but 10am helped move the needle in an originator friendly direction.
Fri, Oct 1 2010, 8:31 AM
Personal Income and Spending data has been released. Spending rose 0.4%. Income improved 0.5%. Both metrics were slightly better than expected but wel...
Fri, Oct 1 2010, 8:19 AM
The day ahead is filled with data and fedspeak and both stocks and bonds are ready to react to whatever crosses wires. Ninety minutes before the bell ...
Fri, Oct 1 2010, 4:50 PM
The main driver behind the bond market at the moment is the potential for further Federal Reserve quantitative easing. This means economic data will p...
Fri, Oct 1 2010, 3:22 PM
Mortgage rates touched all-time lows on Tuesday and Wednesday this week. Although these quotes were not widespread, lenders were seen offering mortga...
Fri, Oct 1 2010, 1:17 PM
Judge says GMAC submitted foreclosure affidavit in bad faith, must cover borrower's attorney fees
Fri, Oct 1 2010, 1:03 PM
Over the past twenty years, understanding of and business practice in mortgage markets has been influenced significantly by the application of statist...
Thu, Sep 30 2010, 12:08 PM
Stop the presses! After touching 4.5 month highs following the release of Chicago PMI data at 9:45, profit taking has led stocks back into the red. S...
Thu, Sep 30 2010, 11:47 AM
Industry evolutions over the past 5 years cemented the growing requirement for loan level reviews of collateral before warehouse lenders would release...
Thu, Sep 30 2010, 10:47 AM
NMLS scam to be aware of; Chase suspends foreclosures; how does one sell 191,000 houses? Reader comments
Thu, Sep 30 2010, 9:46 AM
Chicago PMI printed at 9:45. It was much much better than expected, led by gains in the new orders index. The prices paid index on the other hand fell...
Thu, Sep 30 2010, 9:26 AM
According to the 2nd Quarter RealtyTrac Sales Report issued this morning, sales of homes in the process of pre-foreclosure or out of lenders real esta...
Thu, Sep 30 2010, 8:34 AM
830AM data has been released. Both Jobless Claims and final Q2 GDP beat consensus estimates (barely). Stock futures better, benchmark bond yields up, ...
Thu, Sep 30 2010, 8:23 AM
On this final day of September and final day of the 3rd quarter, after a busy overnight session in which Ireland’s finance minister declared his count...
Thu, Sep 30 2010, 6:41 PM
If you are still floating, we must revisit our "Float at the MBS Price Lows, Lock at the MBS Price Highs" strategy. Currently MBS prices are directly ...
Thu, Sep 30 2010, 2:50 PM
H.R. 3081: Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in ...
Wed, Sep 29 2010, 12:43 PM
The Refinance Index decreased 1.6 percent from the previous week, which is the fourth straight weekly decrease. The seasonally adjusted Purchase Index...
Wed, Sep 29 2010, 11:35 AM
With rebate already a few bps weaker on the open, reprices for the worse don't appear to be an issue at the moment. However if 2.50% support is broke...
Wed, Sep 29 2010, 10:42 AM
New pre-election refi plan; rate sheet rates moving lower along with profit margins; Wells exec speaks out on mortgage future
Wed, Sep 29 2010, 8:28 AM
Benchmark interest rates are modestly higher and equity futures are mixed as investors prepare for a dataless U.S. trading session, this puts the focu...
Wed, Sep 29 2010, 5:06 PM
The November FNCL 4.0 ended the day -0-07 at 102-14. The intraday low was 102-13. The high was 102-24. I've got the production coupon marked at 3.637%...
Wed, Sep 29 2010, 4:23 PM
Mortgage rates touched record lows yesterday. Unfortunately mortgage rates rose from those record lows today. Mortgage rates didn't really "rise" tho...
Wed, Sep 29 2010, 3:19 PM
The Harvard report on The State of the Nation's Housing reports that both household income and household wealth have dropped since the beginning of th...
Wed, Sep 29 2010, 1:10 PM
We had three Treasury auctions this week. All three issues were offered at record low yields, yet demand remained strong. Makes you feel like mortgage...
Tue, Sep 28 2010, 12:07 PM
The legislation would allow for blanket 30-year, fixed-rate mortgages at the prevailing market rate, now around 4.3 percent, for anyone seeking to ref...
Tue, Sep 28 2010, 10:00 AM
Loan pricing was 10.2 bps better on average yesterday but rate sheet influential MBS prices were up about 0.375bps. Most lenders didn't reprice for th...
